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Investors are eyeing a stake in Miles Smith.

Insurance Times understands that Miles Smith is looking at restructuring its capital.

Back in 2008, Miles Smith entered into a deal with Lloyd’s insurer Amlin, which acquired a minority shareholding in the independent UK retail broker.

Although no official details have been circulated of the investment opportunity, likely parties interested in Miles Smith could be Towergate owner HPS and Global Risk Partners (GRP).

Miles Smith which is led by chief executive Paul Chainey specialises in fleet, construction, property and leisure and entertainment markets.

The company works with 1,250 brokers and places annual gross written premiums of £210m.

The firm has also set up affinity partnerships with a dozen trade bodies including the Environmental Services Association and the Asbestos Removal Contractors Association.

HPS and GRP were unavailable for comment.

Miles Smith declined to Comment.

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